AfriTin Mining raises £13m via discounted equity offering

Wed, 12th May 2021

Tin mining company AfriTin Mining said it had raised £13 million through a discounted equity placing. The company placed 216,666,667 shares at a price of 6 pence per share, a 12.5 discount to the closing price on 11 May. The proceeds puts 'the company into a position to expedite the Phase 1 expansion of our flagship Uis Tin Mine in Namibia at a time of unprecedented high tin prices,' the company said. 'The proceeds also allow us to further investigate the exciting, significant lithium and tantalum by-product potential we have across our extensive resource base, and further exploration on our regional assets,' it added. At 10:01am: (LON:ATM) Afritin Mining Limited Ord Npv share price was 0p at 2.4p Story provided by StockMarketWire.com

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